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What is Definition and Meaning of Private Company about?

The document discusses the definition of a private company for purposes of the Income Tax Act. It analyzes that the definition contained in Section 2(68) of the Companies Act of 2013 would be most relevant. However, there are two approaches to applying this definition to foreign companies - either excluding foreign companies or treating them as companies if they meet the other criteria of a private company. Overall, Approach 2 of treating foreign companies as private companies if other criteria are met appe

Author

Alpa Shah Desai

Language

EN